Greetings,
The United States: Moody’s forecasts US defense spending to be significantly higher than the CBO’s. This is bad news for the federal deficit over the next few years.
Equity Markets: US stock-market implied volatility remains elevated relative to other markets. This scatter-plot shows the Nations VolDex index (VIX-equivalent for SPY) vs. CVIX (the VIX-equivalent for currencies) over the last couple of years.
Rates: Last week investors exited US stock funds. But they also continued to get out of long-term Treasuries. Given Tuesday’s bond rally, will this week be different?
Energy Markets: This chart shows the composition of US LNG exports.
The Eurozone: Here, we have the EU’s largest trading partners.
Global Developments: Here is a forecast for the key central bank rates over the next couple of years.
Food for Thought:The US spends way more than peers on defense (with borrowed money).
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
